Gas Turbine MRO Market Size

Gas Turbine MRO Market size was over USD 15.11 billion in 2024 and is anticipated to cross USD 23.34 billion by 2037, growing at more than 3.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of gas turbine MRO is estimated at USD 15.52 billion.

The reason behind this boost is anticipated by the increasing digitization, as it allows for predictive maintenance to be performed more accurately, leading to reduced operating costs, improved efficiency, and greater uptime. According to the World Bank, the investments in digital solutions from micro firms doubled to 20% in 2022 from 20% in 2020. This, in turn, directly leads to increased gas turbine MRO market growth.

In addition, the fast-paced industrialization leads to huge demands for power and also leads to the construction of more power plants, which in turn leads to the huge demands for gas turbines, as they are necessary for the production of electricity, and therefore the more the level of industrialization increases, leading to new power plants, the higher the demand will be for gas turbines.